California Civil Code § 3289

(a) Any legal rate of interest stipulated by a contract remains chargeable after a breach thereof, as before, until the contract is superseded by a verdict or other new obligation.

(b) If a contract entered into after January 1, 1986, does not stipulate a legal rate of interest, the obligation shall bear interest at a rate of 10 percent per annum after a breach.

For the purposes of this subdivision, the term contract shall not include a note secured by a deed of trust on real property.

FindLaw Codes are provided courtesy of WestlawNext, the industry-leading online legal research system. For more detailed codes research information, including annotations and citations, please visit WestlawNext.

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via WestlawNext before relying on it for your legal needs.